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  1. Home
  2. / Markets
  3. / Currencies

Bitcoin Has a New Fan: Kiss Legend Gene Simmons

Bitcoin is no longer on fire for several reasons. TheStreet talks with Kiss legend Gene Simmons on whether he is investing in Bitcoin like other celebrities.
By BRIAN SOZZI Sep 14, 2017 | 10:15 AM EDT

Kiss legendary front-man Gene Simmons would totally rock some Bitcoin in his portfolio. 

"I am interested in Bitcoin, but only as a piece of the [investment] puzzle," Simmons told TheStreet in an interview, adding that he prefers to be diversified with his investments.

Asked on whether he would be attaching his name to Bitcoin like fellow celebs Paris Hilton and Floyd Mayweather, Simmons left the door open. 

"Kiss coins? Sure, you can talk me into it."

Bitcoin prices continued to tumble Thursday after one of China's biggest exchanges said it would stop trading the cryptocurrency later this month amid an impending crackdown directed by the country's central bank.

Bitcoin prices on London's bitsmap exchange tanked 10.75% from Wednesday's close to $3,450 each by 9 a.m. ET, the lowest since Aug 10. Bitcoin prices have fallen nearly 30%, or more than $1,400 from the all-time peak the virtual currency reached on Sept. 1.

More of What's Trending on TheStreet:

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TAGS: Currencies | Investing | Video | Mutual Funds | Real Estate | Gaming | Executive Interview | Technology

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The overall economy may not be in an overt recession, but there is no denying that S&P 500 companies are now in a nine-month-long earnings recession.

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What a solution. If the numbers really, really stink, they just no longer exist.

National Debt, Real Jobs, US Dollar Index, Charting the Markets, Inflation Watch

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Aug 7, 2023 7:40 AM EDT

Earnings season is winding down. Better than expected, as it always seems to be, but still not good.

Dollar Index Movement Is More Important Than Belated News

Bruce Kamich
Aug 2, 2023 1:55 PM EDT

The Fitch downgrade will only give a bigger audience a reason to move away from the greenback.

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